XWELL Says It Adopted A Tax Benefits Preservation Plan Intended To Preserve The Value Of Certain Of The Company's Tax Attributes Related To Previously Recorded Net Operating Losses
Portfolio Pulse from Benzinga Newsdesk
XWELL has adopted a Tax Benefits Preservation Plan to protect the value of its tax attributes related to previously recorded net operating losses.
August 16, 2024 | 11:34 am
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XWELL has implemented a Tax Benefits Preservation Plan to maintain the value of its tax attributes, specifically its net operating losses.
The adoption of the Tax Benefits Preservation Plan is a strategic move to protect the company's financial health by preserving the value of its net operating losses. This could positively impact investor sentiment and the stock price in the short term.
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